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💻Your Medical Questions Answered—by Private Equity
Healthcare Roll-Up Series Part 2

This is Part 2 of our ongoing series on healthcare roll-up strategies—though this week’s focus is more “healthcare-adjacent” than clinical. As always, if there’s a sector or company you’d like me to dig into, drop me a note at [email protected].
State of Play
Let’s be honest—I can’t be the only one who’s Googled a mild cough or headache, only to spiral into a diagnosis of something terminal. At the center of that hypochondriac rabbit hole was WebMD.com, an iconic digital health publisher that is now part of Internet Brands, a digital media conglomerate owned by KKR.
Internet Brands—most recently recapitalized at a $12+ billion valuation by KKR and Temasek, with new backing from Warburg Pincus—has come a long way since its origins as CarsDirect.com, an early online car-buying platform. Today, it’s built an empire of healthcare-focused digital media, SaaS, and education properties (plus legal and automotive digital properties).
In this piece, we’ll unpack the evolution of Internet Brands and how KKR reshaped the business through a high-conviction healthcare pivot
Private Equity Course Launch
It’s been incredibly rewarding to welcome students from Apax, Carlyle, Evercore, Barclays, Deutsche Bank, and others into the first cohort of Road to Carry, a private equity course built around how deals actually get done.
- If you're a VP or Principal exploring training options for your junior team, please reach out—I’d be excited to share a trial version.
- If you’re an analyst or associate, reply to this email for special discount & a quick meet over zoom
🎓 Check out the course at www.roadtocarry.com 🎓

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